No if you are at home more cuz no work you can’t use your work tp so you poop at home more lolSo, why the toilet paper frenzy, among anything? Are there really that many panicky, survivalist minded people in the U.S.? Seriously? C'mon!
After reading more of this thread it's pretty clear that most people have very little concept of how large of a economic catalyst the coronavirus is.
Our nation was teetering on edge of financial collapse due to the debt. The Fed has been printing vast amounts of money for years, and our money is based on debt. Therefore our debt has been increasing exponentially for years. In 2008 what happened was there was so much debt that the banks couldn't trust each other so they stopped loaning each other money and also quit lending money for business purposes too. Today the situation is much worse. Liquidity, having the cash to pay operating expenses and buying and selling securities, stocks, bonds, etc.... is basically non-existent in the banking system. The Fed has been making available billions of dollars a day to banks to allow them to pay their overnight debts in something called repurchase agreements. It's not unusual for the banks to borrow $100 billion a day to pay their daily expenses in this regard and this has been going on since September.
Our economy is on the verge of complete collapse to begin with and with all the stress the coronavirus is putting on the economy it's almost a certainty that it will create a credit collapse more serious than in 1929. I'll just look at what a credit collapse means to one part of our economy. Most transportation companies pay all their daily expenses such as fuel on a credit card and then pay the bill at the end of the month. When a credit collapse happens these types of transactions come to an end as the banks will not trust businesses to pay those bills for they will think the business is lying about being sound financially. The bank's own balance sheets are so bad they can't afford to trust the businesses to repay so they put an end to credit. In other words, store shelves will be empty.
This coming depression will make 1929 look like child's play compared to what is coming upon us. Back then our money had real value. Gold and silver have inherent value. Fiat currencies, like the US dollar has no inherent value. It's nothing but debt. So just imagine what happens when all confidence it evaporates.
You mean sending out their normal election leaflets. That's all its fit for.Maybe we can get the socialists to redistribute the TP.
Our economy has been really good in the past 18 months. But we see how fragile it all is, when people can be manipulated into panic so easily.
Yeah i am concerned about what could be in store, I am not an American but I feel concerned that America is sleep-walking at the moment, and needs to wake up.
Here in the UK the government is talking about making all except the elderly and vulnerable, tough it out - get immunity to it.
As a nation we've been sleepwalking for a long time. Very few people actually understand economics and political philosophy so that they are easily lead around by whatever the corporate media tells them.
You are certainly right. I simply meant the economy had been "good" in terms of functional and money moving around. I do understand it is all a house of cards.An economy cannot be robust and fragile at the same time. It is one or the other, not both. This is a subject that is very important as most people's ideas of the condition of our economy is formed from what the msm reports and they are very untrustworthy. Our levels of debt and the movement of jobs overseas have destroyed any real semblance of a normal economy. It's all one big bubble waiting to burst from the right catalyst.
Trump has been attempting to do a lot of positive things for the country, but he is fighting the media and the swamp, i.e. the deep state, to get these things done. It's been a determined effort to destroy our economic engine for well over 100 years now, and the CFR and the FED have been the powers behind this effort.
The FED has destroyed the value of the dollar during it's existence, and it has been a determined effort on their part to do so. I'll demonstrate this from history. From the 1700s until the creation of the FED in 1913 the dollar actually doubled it's value. Since the creation of the FED until 2010 the dollar dropped in value from $1.00 to less than $.05. And it has been dropping ever since too. It's probably down to a penny on the dollar now, or less, in real value. That's how much the dollar has been devalued in the last 100+ years. To illustrate the reality of this the dollar used to be redeemable at the rate between $15-20 an ounce of gold when the FED was created. Now, if we take our current debt, and divide it by the value of the gold that is said to exist in Fort Knox gold is worth somewhere around $90,000/oz. That's how little the dollar actually worth. The FED with it's manipulation of interest rates and money supply over the last century has destroyed our economy and siphoned off most of the wealth of our citizenry. You hear the press and academics saying markets cause boom and bust cycles, but that is unequivically untrue. The booms and busts are caused by first lowering interest rates and making credit easily available and then raising interest rates and reducing the money supply. Also, the FED's promotion of fractional reserve banking has drained value out of the pockets of we the people and transferred it into the hands of the financial elites. And this has been their deliberate policy since they were created. Most banks have no more than 1 or 2 percent of their deposits actually on hand. The rest of it has been lent out in loans. That's why the FED is making huge loans to the banking system on a regular basis. They have to or the entire banking system would collapse because of a lack of cash in the system.
Agreed. If the economy collapsed and there was no way to buy things (which I honestly doubt), as a vegetable gardener who has woods and lots of wildlife in our backyard, a stream with fish, plus well water and a fireplace, we should be set!Good thing i can grow vegetables and hunt and fish too.
Agreed. If the economy collapsed and there was no way to buy things (which I honestly doubt), as a vegetable gardener who has woods and lots of wildlife in our backyard, a stream with fish, plus well water and a fireplace, we should be set!
Yes very crazy! Random things are gone now as well. An elderly lady from church eats daikon radishes for health - and we went to buy some from her, and they are out. Apparently they are imported from China. I’m glad we recently replenished our Tylenol and ibuprofen - and I checked to make sure my prescription meds are made outside of ChinaGood---you'll have the whole neighborhood over for dinner every night! I was making out a shopping list for Amazon that I can't fill till Wed---they are all out of burrito size flour tortillas!! The ones they do have were way over priced. I used to make my own, but I can't stand up long enough to roll them out any more. Oh, well. My friend needs me to get her some TP as she couldn't find any today---if there is any come Wed on Amazon I'll let her have some of mine. Crazy world. Tried to get Zinc lozenges---zinc is supposed to kill the virus---almost none and very expensive now.
I loved that Seinfeld episode, lol.For I do not have a square to spare...
Yes very crazy! Random things are gone now as well. An elderly lady from church eats daikon radishes for health - and we went to buy some from her, and they are out. Apparently they are imported from China. I’m glad we recently replenished our Tylenol and ibuprofen - and I checked to make sure my prescription meds are made outside of China
I just got my seeds for the start of spring...peas, spinach and onions to start, plus my garlic I planted last year. Silver lining to it all is having an extra reason to grow food
Running out of toilet paper has always been on my mind. Can't think of much worse. What do people do when they run out? This is probably why they overstocked as getting a lot proves that you won't run out and that you won't have to go back to the store in the near future where you will surely get the coronavirus. I didn't go and buy any more as I always have 2 12 packs but if it was my normal grocery shopping day I probably would have bought another one.
I hope things dont get worse, such as massive food shortages. You might need a gun to protect your home.We just went grocery shopping today. It was our usual day, and we intended to buy no more than the usual. We got there just after the doors opened on a Monday morning. It was already packed, and most of the goods were already gone. Most people had their carts loaded to a ridiculous extent. The lines went on forever. Someone looked at my (relatively) sparse cart and told me to use the express lane, so I did.
All paper products are gone. This includes toilet paper, paper towels, Kleenex, napkins, you name it. All but a handful of canned vegetables are gone. The meat is half-empty. Bread is half-empty, and the tortillas are about ninety percent gone. Jams, jellies and peanut butter are scarcely represented. Bottled water looked sparse. Frozen goods are not looking good.
There was still plenty of fresh produce, pet food, soft drinks and chips. Oh, and alcoholic beverages abound.
Yesterday, I told someone that you know it will be bad when the dog food starts to deplete, but it will be really bad when we start to run out of dogs.
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